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Do I have to file form 25102(f) in California if I am sole 100% owner of my C Corporation?
I just started my C Corp and i am the only shareholder/sole owner of the company in calif. Do I need to file form 25102(f) since I just started it and don't plan on issuing stock?
Does it need to be filed for myself?
3 Answers
- Anonymous8 years agoFavorite Answer
You do not need to file the 25102 (f); based on rule 260.103. This form is a filing required for persons claiming an exemption from securities qualification for certain limited securities offerings. This means that if you are not planning on having a securities offering (sell stock to third parties), then this form does not apply to you. You still need to issue the stock to yourself so that you have a viable company, and if you are ever sued or audited you can show that you are the legal business owner from date of issuance. Hope this helps!
Source(s): http://www.corp.ca.gov/LOEN/default.asp www.laughlinusa.com - 7 years ago
Yes. The above answer is totally incorrect. You are exempt but you still have to file the 25102(f) Notice of Exemption.
- ?Lv 44 years ago
the enterprise is paying your revenue and could pay each and all of the mandated taxes in case you have been working this enterprise as a sole proprietor, your in basic terms employment tax could be your self employment tax and that may not concern to state unemployment tax
